Everything about Home Information Packs (HIPS)

80% OF BUILDING SOCIETY CHIEFS BELIEVE HIPS WILL HAVE A NEGATIVE IMPACT

The BSA is calling for Home Information Packs (HIPs) to be voluntary when they are introduced. This follows a survey of building society chief executives which found that 84% of them expect the introduction of HIPs to have a negative effect on the housing market.

In June 2007 it will become compulsory for anyone in England and Wales who decides to sell a house or flat to put together a home information pack. The government has published draft regulations on the pack, setting out what it will include and how it will be put together. So what's behind the scheme and what will all this mean to you?

Spicerhaart, the property services provider that owns Mortgages Direct, has announced the launch of its online Home Information Pack provider division.

SPLINTA, the campaign group lobbying the Government against the introduction of compulsory Home Information Packs next year, have added a particularly notable name to the ranks of over 1,250 firms of estate agents, surveyors and solicitor/conveyancers in England and Wales - representing over 2,500 offices supporting their cause.

Opposition to Home Information Packs is growing. The packs are supposed to do away with the agony of moving house, but Nigel Jones believes this is far from the case

Everybody knows that buying a house can be up there in terms of stress levels with bereavement and divorce.